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Updated about 7 years ago on . Most recent reply

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Mac Usher
  • Rental Property Investor
  • Alpharetta, GA
1
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11
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Using Collateral to purchase a Commercial property.

Mac Usher
  • Rental Property Investor
  • Alpharetta, GA
Posted
Hi BP- I want to offer land that I own as collateral to purchase a piece of commercial property. What has been your experience in using this technique? Thanks

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Brandon Raeburn
  • Brooklyn, Ny
30
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Brandon Raeburn
  • Brooklyn, Ny
Replied

@Mac Usher "Hi BP- I want to offer land that I own as collateral to purchase a piece of commercial property. What has been your experience in using this technique? Thanks" 

Hi Mac, it all depends on the seller. If they think its a fair trade then its nothing for your attorneys to handle. We've managed to accomplish a similar trade over seas without incident.  One thing to keep in mind, vacant land may be hard for some to asses its true value. Good luck. 

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